DEWAGRO
ActiveSummary
DEWAGRO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €18k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-2
Solvency41▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.71 against 0.58 in 2024; short-term debt: 30.8% and cash: 0.7% of total assets), and 83.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d late
2021
31 d late
2020
6 d late
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€169k▲ 11.8%
2024 · €152k
2019: €21klowest in 7 years
2020: €34k▲ +61.7% vs 2019
2021: €42k▲ +23.9% vs 2020
2022: €94k▲ +127% vs 2021
2023: €113k▲ +19.7% vs 2022
2024: €152k▲ +34.1% vs 2023
2025: €169k▲ +11.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€1.04M▲ 0.5%
2024 · €1.04M
2019: €225k
2020: €172k▼ -23.3% vs 2019lowest in 7 years
2021: €246k▲ +43.0% vs 2020
2022: €269k▲ +9.2% vs 2021
2023: €817k▲ +204% vs 2022
2024: €1.04M▲ +26.9% vs 2023
2025: €1.04M▲ +0.5% vs 2024highest in 7 years
2019 → 2025
Net result
€18k▼ 53.6%
2024 · €39k
2019: €56khighest in 7 years
2020: €13k▼ -77.0% vs 2019
2021: €8k▼ -37.3% vs 2020lowest in 7 years
2022: €53k▲ +558% vs 2021
2023: €19k▼ -64.8% vs 2022
2024: €39k▲ +107% vs 2023
2025: €18k▼ -53.6% vs 2024
2019 → 2025
Working capital
€-94k▲ 10.2%
2024 · €-105k
2019: €-94k
2020: €-53k▲ +43.8% vs 2019
2021: €-36k▲ +31.5% vs 2020
2022: €29k▲ +180% vs 2021highest in 7 years
2023: €-66k▼ -328% vs 2022
2024: €-105k▼ -58.8% vs 2023lowest in 7 years
2025: €-94k▲ +10.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€94k▲ 127%€113k▲ 19.7%€152k▲ 34.1%€169k▲ 11.8%
2021: €42klowest in 5 years
2022: €94k▲ +127% vs 2021
2023: €113k▲ +19.7% vs 2022
2024: €152k▲ +34.1% vs 2023
2025: €169k▲ +11.8% vs 2024highest in 5 years
Operating result€9k-€68k▲ 619%€33k▼ 50.9%€66k▲ 99.4%€46k▼ 30.4%
2021: €9klowest in 5 years
2022: €68k▲ +619% vs 2021highest in 5 years
2023: €33k▼ -50.9% vs 2022
2024: €66k▲ +99.4% vs 2023
2025: €46k▼ -30.4% vs 2024
Net result€8k-€53k▲ 558%€19k▼ 64.8%€39k▲ 107%€18k▼ 53.6%
2021: €8klowest in 5 years
2022: €53k▲ +558% vs 2021highest in 5 years
2023: €19k▼ -64.8% vs 2022
2024: €39k▲ +107% vs 2023
2025: €18k▼ -53.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€816k ▼ 8.6%
Current assets
€227k ▲ 56.7%
Equity and liabilities €1.04M
Equity
€169k ▲ 11.8%
Debt
€873k ▼ 1.4%
Debt's share of the balance-sheet total falls from 85.4% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▲
2024 · €154k
Cash flow
€141k▲
2024 · €126k
Current ratio
0.71▲
2024 · 0.58
Quick ratio
0.29▲
2024 · 0.26
Debt to equity
5.15▼
2024 · 5.84
ROE
10.5%▼
2024 · 25.4%
ROA
1.7%▼
2024 · 3.7%
Interest coverage
7.13▼
2024 · 8.80
Debt ≤ 1 year
€321k▲
2024 · €249k
Debt > 1 year
€552k▼
2024 · €636k
Income taxes
€5k▼
2024 · €10k
Staff costs
€55k▼
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€1.04M▲
Fixed assets21/28€892k€816k▼
Tangible fixed assets22/27€892k€816k▼
Land and buildings22€477k€477k=
Plant, machinery and equipment23€35k€30k▼
Furniture and vehicles24€371k€302k▼
Leasing and similar rights25€9k€7k▼
Current assets29/58€145k€227k▲
Stocks and contracts in progress3€79k€134k▲
Stocks30/36€3k€3k=
Contracts in progress37€76k€131k▲
Amounts receivable within one year40/41€48k€82k▲
Trade receivables40€41k€60k▲
Other amounts receivable41€7k€22k▲
Cash at bank and in hand54/58€14k€8k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.04M▲
Equity10/15€152k€169k▲
Contributions10/11€6k€6k=
Reserves13€145k€163k▲
Non-distributable reserves130/1€727€727=
Reserves not available under the articles1311€727€727=
Distributable reserves133€145k€163k▲
Amounts payable17/49€885k€873k▼
Amounts payable after more than one year17€636k€552k▼
Financial debts170/4€636k€552k▼
Amounts payable within one year42/48€249k€321k▲
Current portion of amounts payable after more than one year42€107k€112k▲
Trade debts44€66k€135k▲
Suppliers440/4€66k€135k▲
Advances received on contracts in progress46€469€469=
Taxes, remuneration and social security45€16k€15k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€60k€58k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€58k€55k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€123k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€214k€227k▲
Operating profit (loss)9901€66k€46k▼
Financial income75/76B€28€78▲
Recurring financial income75€28€78▲
Financial charges65/66B€18k€24k▲
Recurring financial charges65€18k€24k▲
Profit (loss) for the period before taxes9903€49k€22k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€39k€18k▼
Profit (loss) for the period to be appropriated9905€39k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€18k▼
Transfer to equity691/2€39k€18k▼
To other reserves6921€39k€18k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20k | €29k | €0 | - | - |
| Remuneration, social security and pensions62 | - | €49k | €55k | €58k | €55k | ▼ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €36k | €100k | €88k | €123k | ▲ 40.0% |
| Other operating charges640/8 | - | €2k | €2k | €1k | €2k | ▲ 22.3% |
| Gross operating margin9900 | €81k | €155k | €190k | €214k | €227k | ▲ 5.8% |
| Operating profit (loss)9901 | €9k | €68k | €33k | €66k | €46k | ▼ 30.4% |
| Financial income75/76B | - | €6 | €1 | €28 | €78 | ▲ 177% |
| Recurring financial income75 | €51 | €6 | €1 | €28 | €78 | ▲ 177% |
| Financial charges65/66B | - | €2k | €9k | €18k | €24k | ▲ 35.4% |
| Recurring financial charges65 | €1k | €2k | €9k | €18k | €24k | ▲ 35.4% |
| Profit (loss) for the period before taxes9903 | €8k | €66k | €24k | €49k | €22k | ▼ 53.9% |
| Income taxes67/77 | €221 | €13k | €5k | €10k | €5k | ▼ 55.0% |
| Profit (loss) for the period9904 | €8k | €53k | €19k | €39k | €18k | ▼ 53.6% |
| Profit (loss) for the period to be appropriated9905 | €8k | €53k | €19k | €39k | €18k | ▼ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €246k | €269k | €817k | €1.04M | €1.04M | ▲ 0.5% |
| Fixed assets21/28 | €151k | €115k | €657k | €892k | €816k | ▼ 8.6% |
| Tangible fixed assets22/27 | €151k | €115k | €657k | €892k | €816k | ▼ 8.6% |
| Land and buildings22 | - | - | €477k | €477k | €477k | = |
| Plant, machinery and equipment23 | - | €50k | €43k | €35k | €30k | ▼ 16.6% |
| Furniture and vehicles24 | - | €65k | €137k | €371k | €302k | ▼ 18.5% |
| Leasing and similar rights25 | - | - | - | €9k | €7k | ▼ 23.4% |
| Current assets29/58 | €95k | €154k | €160k | €145k | €227k | ▲ 56.7% |
| Stocks and contracts in progress3 | €3k | €60k | €68k | €79k | €134k | ▲ 69.8% |
| Stocks30/36 | - | €3k | €3k | €3k | €3k | = |
| Contracts in progress37 | - | €57k | €65k | €76k | €131k | ▲ 72.5% |
| Amounts receivable within one year40/41 | €32k | €31k | €29k | €48k | €82k | ▲ 71.5% |
| Trade receivables40 | - | €24k | €15k | €41k | €60k | ▲ 48.3% |
| Other amounts receivable41 | - | €7k | €14k | €7k | €22k | ▲ 203% |
| Cash at bank and in hand54/58 | €28k | €59k | €61k | €14k | €8k | ▼ 46.5% |
| Deferred charges and accrued income490/1 | - | €4k | €2k | €4k | €3k | ▼ 15.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €246k | €269k | €817k | €1.04M | €1.04M | ▲ 0.5% |
| Equity10/15 | €42k | €94k | €113k | €152k | €169k | ▲ 11.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €35k | €88k | €107k | €145k | €163k | ▲ 12.3% |
| Non-distributable reserves130/1 | - | €727 | €727 | €727 | €727 | = |
| Reserves not available under the articles1311 | - | €727 | €727 | €727 | €727 | = |
| Distributable reserves133 | - | €88k | €106k | €145k | €163k | ▲ 12.4% |
| Amounts payable17/49 | €205k | €175k | €704k | €885k | €873k | ▼ 1.4% |
| Amounts payable after more than one year17 | €73k | €49k | €478k | €636k | €552k | ▼ 13.2% |
| Financial debts170/4 | - | €49k | €478k | €636k | €552k | ▼ 13.2% |
| Amounts payable within one year42/48 | €131k | €125k | €226k | €249k | €321k | ▲ 28.6% |
| Current portion of amounts payable after more than one year42 | - | €24k | €59k | €107k | €112k | ▲ 4.7% |
| Trade debts44 | €58k | €50k | €76k | €66k | €135k | ▲ 106% |
| Suppliers440/4 | - | €50k | €76k | €66k | €135k | ▲ 106% |
| Advances received on contracts in progress46 | - | €3k | €469 | €469 | €469 | = |
| Taxes, remuneration and social security45 | - | €13k | €18k | €16k | €15k | ▼ 7.3% |
| Taxes450/3 | - | €7k | €12k | €10k | €8k | ▼ 21.7% |
| Remuneration and social security454/9 | - | €6k | €6k | €7k | €7k | ▲ 14.6% |
| Other amounts payable47/48 | - | €35k | €72k | €60k | €58k | ▼ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €53k | €19k | €39k | €18k | ▼ 53.6% |
| + Depreciation and write-downs630 | €22k | €36k | €100k | €88k | €123k | ▲ 40.0% |
| Operating cash flow (approximation) | €30k | €89k | €118k | €126k | €141k | ▲ 11.5% |
| Investment in fixed assets (approximation) | - | €0 | €-641k | €-323k | €-47k | ▲ 85.6% |
| Change in cash | - | €30k | €3k | €-47k | €-7k | ▲ 85.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €150kEq €152k ▲34.1%
6 profitable years in a row build equity to €152k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100kEq €113k ▲19.7%
5 profitable years in a row build equity to €113k.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
31-03
Financial
Weakest financial yearnet €8k ▼37.3%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2017
Ground area
2,433 m²
Building footprint
227 m²
Volume, LiDAR
1,153 m³
Parcel 33005C0378/02N000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEWAGRO
since 20172.263.620.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33005C0378/02N000 | Flanders | 2,433 m² | 1 · 227 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
13 categoriesDEWAGRO BV37888
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,638 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2017
Fiscal year end31-03
Activities, NACEBEL 2025
43120Site preparation
42212Civil engineering
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
Scores and ratios are computed by Checked and are not a credit decision.